Federal Member for Barker Tony Pasin has welcomed the Morrison Government’s extension
to the HomeBuilder programme which is driving demand in the construction sector and
protecting jobs by supporting the construction of new homes and home renovations.
Almost 25,000 applications have been received for the programme which will now be
extended until 31 March 2021. Mr Pasin said it was the type of stimulus our region needed to
keep the tradies on the tools.
“This is all part of our Economic Recovery Plan for Australia. We want to see more
Australians getting into a home of their own,” Mr Pasin said.
“We know more and more people are looking to our state as a place to live. There’s never
been a better time to move into or build a home in our regions.
“HomeBuilder is doing exactly what it was intended to do: driving demand and helping to
protect the jobs of one million Australians employed in our vital construction sector.
“This extension is expected to support the construction or major rebuild of around 15,000
homes. This is in addition to the 27,000 homes the scheme is already expected to support,
bringing it to a total of around 42,000 homes across Australia.
“HomeBuilder will be adjusted to meet current market conditions: – $15,000 grant (from
$25,000) for contracts signed on or after 1 January 2021 until 31 March 2020. In addition,
the construction commencement deadline will be extended from three months to six months
for all eligible contracts signed on or after 4 June 2020.
“This announcement also builds upon the extension of the First Home Loan Deposit Scheme
announced in the Budget, which delivered 10,000 guaranteed loans to allow first home
buyers to obtain a loan to build a new home, or purchase a newly built home, with a deposit
of as little as five per cent.
“Together this represents an unprecedented level of Federal Government assistance for
home buyers and the construction industry alike.”
More information on the HomeBuilder programme can be found at:
Media contact: Vanessa Juergens 0885 312466